Post navigation

Facebook Joins Fortune 500 (AllFacebook)
Facebook is in some great company right now, with Amazon, eBay and Yahoo on the Fortune 500 list. Fortune announced that the social network cracked the prestigious list for the first time, coming in at No. 482 — 12 spots ahead of Yahoo. USA Today The annual list of companies, which ranks them by their 2012 revenue, is a way for investors to gauge the relative size of the operations of companies. Fortune magazine publishes the widely followed list once a year. The Next Web For the most recent list, Facebook’s listed $ 5.1 billion in revenue bested Yahoo’s $ 5 billion by a small edge. The top of the list is what you expect: larger petro-companies and Berkshire Hathaway, capped by Walmart. CNET Apple has shot up to sixth place. The iPhone maker’s strong showing in the Fortune 500 is a dramatic rise from its 17th-place ranking in 2012. The Guardian Walmart reclaimed the top spot. The retail giant pushed the oil company Exxon Mobil back into second position after a 5.9 percent rise in sales to $ 443.9 billion.

The Onion Twitter Account Appears to Have Been Hacked (Mashable)The Onion‘s Twitter account on Monday appeared to have been hacked by the Syrian Electronic Army, though there’s always the possibility that it could be a joke. The account began tweeting strange messages around 1 p.m. EDT. The New York Times/Bits Blog The Syrian Electronic Army, which supports Syria’s embattled president, Bashar Al-Assad, posted several anti-Israel messages to The Onion’s nearly 5 million Twitter followers. Another message read, “UN retracts report of Syrian chemical weapon use: Lab tests confirm it is Jihadi body odor.” NBC News After restoring the account, The Onion mocked itself and the hackers in a series of articles. It did not respond to repeated queries from NBC News Monday.

YouTube Reportedly Launching Subscription-Based Channels This Week (SocialTimes)
As early as this week, around 50 YouTube channels will live behind a subscription paywall, according to the Financial Times. “Cable and satellite channels, which traditionally rely on a dual revenue stream model, are eyeing YouTube’s subscription service to generate revenue from older shows and new programming, according to another person familiar with the project,” wrote Matthew Garrahan and Andrew Edgecliffe-Johnson in their report for the Financial Times.

LinkedIn Turns 10, Celebrates ‘Cinco de LinkedIn’ (VentureBeat)
LinkedIn employees around the world celebrated “Cinco de LinkedIn” on Sunday as the company turned 10, co-founder Reid Hoffman wrote on the company blog. Mountain View, Calif.-based LinkedIn now employs over 3,700 folks and has already logged in 225 million members, and it’s growing at a furious rate of more than two new members per second.

Woman Creates Fake Facebook Account to Stalk Herself (The Daily Dot)
Cheryl Nelson, a 52-year-old resident of Comstock Park, Mich., is being charged with false report of a felony and unlawful posting of a message after she confessed to local authorities that she created a fake Facebook profile of her ex-boyfriend. Nelson admitted to using said profile to make it seem as if her ex-boyfriend’s current girlfriend was harassing her via the social network.

BuzzFeed Adding Foreign News Coverage (FishbowlNY)The New York Times reports that BuzzFeed is taking steps to add foreign coverage by adding a Washington-based foreign editor and six reporters under him or her. Ben Smith, BuzzFeed’s editor-in-chief, told The Times that the push for foreign reporting was inspired by readers’ reaction to BuzzFeed’s Boston Marathon coverage.

Internet Sales Tax Bill Passes Senate, Awaits House Approval (GigaOM)
The Marketplace Fairness Act, an internet sales tax measure that supporters say will help mom-and-pop retailers compete with online retailers, passed the U.S. Senate by a 69-27 margin on Monday and will soon go before the House. The law calls for internet retailers with more than $ 1 million in annual revenue to collect sales taxes from out-of-state shoppers.

Can Silicon Valley Beat Poverty with Crowdfunding? (SocialTimes)
Benevolent, a crowdfunding site that helps economically needy individuals pay for one-time items they need to work, is expanding beyond a Chicago beta into several additional markets including Detroit and Silicon Valley. While Silicon Valley tech workers are well compensated, the tech industry has brought many transient workers to San Jose, where the cost of living is 50 percent higher than the national average.